World Bank Lists Nigeria, Nine Other Countries Among Nations with High Debt Risk

EconomyNewsWorldWorld Bank Lists Nigeria, Nine Other Countries Among Nations with High Debt Risk

Bada Yusuf Amoo (Correspondent)August 11, 2021

World Bank has listed Nigeria and nine other countries as Nations with high-debt risk exposure. In a financial statement for the International Development Association (IDA) released on Monday, the World Bank pegged Nigeria at number five with an $11.7b IDA debt stock. “As of June 30, 2021, the ten countries with the highest exposures accounted for 66% of IDA’s total exposure,” it explained in the document. “IDA’s largest exposure to a single borrowing country, India,...

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FG Threatens To Replace Striking Doctors If They Don’t Resume on Monday

JobsLabourFG Threatens To Replace Striking Doctors If They Don’t Resume on Monday

Bada Yusuf Amoo (Correspondent)August 7, 2021

The Federal Government through the Minister of Labour and Employment threatened to replace striking resident doctors if they did not resume work by Monday. The Minister made the threat on Friday evening while speaking on Channels Television’s Politics Today. He posited that an employer has the right to replace an employee who abandons their duties, most importantly, as it related to essential services. “He will also withdraw your money and use it to pay those...

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U.S. Adds 943,000 Jobs in July, Unemployment Rate Dips to 5.4% – Labour

BusinessUnited StatesU.S. Adds 943,000 Jobs in July, Unemployment Rate Dips to 5.4% – Labour

PilotnewsAugust 6, 2021

WASHINGTON — The United States (U.S.) employers added 943,000 jobs in July, the Labour Department announced on Friday. The figure was higher than previous forecasts, while the unemployment rate stood at 5.4 per cent in a job market still underperforming 17 months into the coronavirus pandemic. “Total nonfarm payroll employment rose by 943,000 in July, and the unemployment rate declined by 0.5 percentage point to 5.4 per cent,” the Bureau of Labour Statistics, a unit...

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Delta Embarks on Skill Acquisition, Mentorship Programmes for Women

JobsNewsDelta Embarks on Skill Acquisition, Mentorship Programmes for Women

PilotnewsAugust 6, 2021

ASABA — Mrs. Flora Alatan, Delta State Commissioner of Women Affairs, Community and Social Development, says government has embarked on leadership, skill acquisition, and mentorship programmes for women and the girl-child, to equip them with the needed life skills for decent livelihoods. Alatan, stated this during a one-day sensitisation workshop on ‘Rape and Gender-Based Sexual Violence and Violence Against Persons Prohibitions (VAPP) Law’, on Friday, in Asaba. She said that the essence of the programmes...

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Bill To Establish State Tourism, Arts, Culture Endowment Fund Pass Into By Akwa Ibom State House Of Assembly

BusinessLifestyleTourismBill To Establish State Tourism, Arts, Culture Endowment Fund Pass Into By Akwa Ibom State House Of Assembly

Hassan Umar Shallpella (Regional Correspondent)August 6, 2021

UYO — A Bill to establish the State Tourism, Arts and Culture Endowment Fund (AKSTACEF) has been passed into law by the Akwa Ibom State House of Assembly on Thursday. The member representing Itu State Constituency and Chairman, House Committee on Industry, Commerce and Tourism Hon KufreAbasi Edidem while presenting the report explained that the new law, when assented to by the state Governor, would boost the funding of the tourism sector as well as improve the...

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FG Approves $1.4bn to Rehabilitate Warri and Kaduna Refineries

BusinessOil & GasFG Approves $1.4bn to Rehabilitate Warri and Kaduna Refineries

Bada Yusuf Amoo (Correspondent)August 5, 2021

ABUJA — The Federal Executive Council (FEC) on Wednesday approved contracts for the rehabilitation of Warri and Kaduna refineries at a sum total of $1.4 billion. The breakdown of the rehabilitation showed that $897 million will go for the Warri refinery and $586 million for the Kaduna refinery. The Minister of state for petroleum revealed this to State House correspondents after the Federal Executive Council meeting, which was chaired by Vice President Yemi Osinbajo. The...

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SPECIAL REPORT: Relief Market, Nnewi Has a Master Plan- Uruagu Youths

BusinessLocal GovernmentSPECIAL REPORT: Relief Market, Nnewi Has a Master Plan- Uruagu Youths

PilotnewsAugust 5, 2021

By Ononuju Egwuonye, Staff Writer NNEWI — The commercial city of Nnewi was shut down on the 4th of August, 2021 by a group of male youths under the auspices of Uruagu youths forum who embarked on a peaceful protest around strategic points of the ancient town of Nnewi north. They went to the palaces of all the four traditional institutions in the only one- town Local Government Area of Anambra State to express their...

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Abuja and Lagos are very busy cities —Enugu is serene and safe

ColumnsInvestingReal EstateAbuja and Lagos are very busy cities —Enugu is serene and safe

PilotnewsJuly 31, 2021

Hello, and welcome to my Real-Estate Investment Blog. As land and estate development expert, it has always been my pleasure to address your real-estate or land or other investment-related issues. I work with Pwan Max property and Business Solutions, a real estate marketing, investment, management, and development company well-known in Nigeria for providing a choice of classic serene, luxury homes within a flexible budget. In this column, I will address this question I received from...

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Foodstuff Traders In Enugu Attribute Rise In Cost To Insecurity

BusinessFoodFoodstuff Traders In Enugu Attribute Rise In Cost To Insecurity

Ije Ulasi (Regional Correspondent)July 28, 2021

ENUGU — The menace of suspected Fulani herdsmen at farm settlements in Enugu state has crippled rate of farm produce in the state resulting in the high cost of foodstuffs in the market. Speaking to WAPN correspondent, a vegetable seller in the popular New Market Enugu, who pleaded anonymity explained, “The cost of foodstuffs are very high now as opposed to what it used to be at this time of year, rainy season,” “This is...

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Nnewi is Competing Favourably With Cosmopolitan Cities- Madubuko

BusinessEconomyNewsNnewi is Competing Favourably With Cosmopolitan Cities- Madubuko

PilotnewsJuly 27, 2021

By Jennifer Egwuonye, Staff writer   NNEWI — In a bid to create an enabling environment for economic, social, political, and other lucrative activities to thrive in Nnewi North Local Government Area, the transition chairman, Hon. Chukwudi Orizu and erudite academician, Professor Victor Madubuko had an excellent and meaningful tete-a-tete. This is in line with the visit of Prof. Madubuko, an adjunct professor at Yeshiva University, New York to harness the available resources in Nnewi...

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